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funding gap emerging markets
Mongolia

Narangerel Tsagaach

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 9 other investors
  • With EUR 2,200 Narangerel is able to satisfy the high demand for underwear during the holiday season.

    €2,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 days on 20 December 2015.

      Summary

      Narangerel owns a business that sells clothing at a stall at Khangain Bus local trade centre in Erdenet city. The previous 5 years she worked as a saleswoman for another company at the market where she learned a lot.

      About a year ago she decided to start her own business selling outwears, sports clothing and underwear. She imports the clothing from China per quarter by visiting the neighboring country. 

      With a loan, Narangerel is able to increase the types of products and import a much larger order from China as New Year’s holiday is drawing closer. Lendahand will provide a loan together with local partner VFM, which will have to be repaid in 24 months. 

      Company nameNarangerel Tsagaach
      CEONarangerel Tsagaach
      Founded2014-01-01
      LocationErdenet
      SectorWholesale / Retail
      Turnover€4,574.56
      Employees1

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Narangerel Tsagaach

      Roderik Emmerink
      + and another
      9
      investors